TIDMVPC TIDMCNA 
 
RNS Number : 0682P 
Venture Production plc 
18 March 2009 
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR 
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE 
RELEVANT LAWS OF SUCH JURISDICTION. 
 
 
 
 
Venture Production plc - Response to announcement by Centrica plc 
 
 
Venture Production plc ("Venture" or the "Company") notes the earlier 
announcement by Centrica plc ("Centrica") regarding the acquisition, together 
with concert parties, of a 22.3 per cent. stake in Venture at a price of 725p 
per share. Venture believes that this substantially undervalues the Company, its 
prospects and strategic position particularly with regard to its UK gas 
resources, and urges shareholders to take no action. 
 
 
The Board of Venture will make a further announcement as appropriate. 
 
 
 
 
+-------------------------------------+-------------------------------------+ 
| Venture                             | 01224 619 000                       | 
+-------------------------------------+-------------------------------------+ 
| Mike Wagstaff                       |                                     | 
+-------------------------------------+-------------------------------------+ 
|                                     |                                     | 
+-------------------------------------+-------------------------------------+ 
 
 
 
 
Dealing Disclosure Requirements: 
 
 
Under the provisions of Rule 8.3 of the Takeover Code, if any person is, or 
becomes, "interested" (directly or indirectly) in 1% or more of any class of 
"relevant securities" of Venture, all "dealings" in any "relevant securities" of 
that company (including by means of an option in respect of, or a derivative 
referenced to, any such "relevant securities") must be publicly disclosed by no 
later than 3.30 p.m. (London time) on the London business day following the date 
of the relevant transaction. This requirement will continue until the date on 
which the offer becomes, or is declared, unconditional as to acceptances (or, 
implemented by a scheme of arrangement, such scheme becomes effective), lapses 
or is otherwise withdrawn or on which the "offer period" otherwise ends. If two 
or more persons act together pursuant to an agreement or understanding, whether 
formal or informal, to acquire an "interest" in "relevant securities" of 
Venture, they will be deemed to be a single person for the purpose of Rule 8.3. 
 
 
Under the provisions of Rule 8.1 of the Takeover Code, all "dealings" in 
"relevant securities" by Venture, or by any of its "associates", must be 
disclosed by no later than 12.00 noon (London time) on the London business day 
following the date of the relevant transaction. 
 
 
A disclosure table, giving details of the companies in whose "relevant 
securities" "dealings" should be disclosed, and the number of such securities in 
issue, can be found on the Takeover Panel's website at 
http://www.thetakeoverpanel.org.uk/. 
 
 
"Interests in securities" arise, in summary, when a person has long economic 
exposure, whether conditional or absolute, to changes in the price of 
securities. In particular, a person will be treated as having an "interest" by 
virtue of the ownership or control of securities, or by virtue of any option in 
respect of, or derivative referenced to, securities. 
 
 
Terms in quotation marks are defined in the Takeover Code, which can also be 
found on the Panel's website. If you are in any doubt as to whether or not you 
are required to disclose a "dealing" under Rule 8, you should consult the Panel. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 RSPUWSURKWROAAR
Venture Production (LSE:VPC)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Venture Production Charts.
Venture Production (LSE:VPC)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Venture Production Charts.